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, but it's also very important to continue to go very actively in this direction. 2013 we'll see elections in germany and in italy. do you think it could lead to some sort of political stand by or quite the opposite, it could speed up the political reshaping in the eurozone? >> first of all, i think that the situation in all countries, you ever responsibility toes be taken and i am not of the opinion that there are divisions in the public opinion in any country in europe that would translate in major changes in the policies pursued. so i am confident that this historical endeavorer which is reinforcing the european union, reinforcing government, fiscal and economic governments will go on and until now, all elections in all countries and we have 17 democracies so you have perchl elections have confirmed the determination of the european to go on and to pursue their, again, historical endeavor. this is something which is very important. ten from new york, ten from, i would say, hong kong and shanghai, in from singapore. you have a difficulty to understand that underlying you have a historica
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